Banco Santander Brasil SA (BSBR) To Go Ex-Dividend on January 9th

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Tuesday, December 30th. Stockholders of record on Friday, January 9th will be paid a dividend of 0.0298 per share by the bank on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, January 9th.

Banco Santander Brasil has decreased its dividend by an average of 0.2%annually over the last three years. Banco Santander Brasil has a payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander Brasil to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 38.0%.

Banco Santander Brasil Stock Down 2.8%

NYSE:BSBR opened at $6.18 on Wednesday. The business’s 50-day simple moving average is $6.12 and its two-hundred day simple moving average is $5.52. Banco Santander Brasil has a 52 week low of $3.93 and a 52 week high of $6.59. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.34 and a quick ratio of 1.34.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.